MTECHTIPS MCX SILVER INTRADAY trading tips 24-01-2017

MTECHTIPS MCX SILVER INTRADAY trading tips 24-01-2017

MTECHTIPS Mcx Silver is bearish for medium-long term .Currently Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Silver is now trading in overbought level. The Silver is now trading in overbought level. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 41114-41003-40823-40319-40071-.Resistance for the Silver is 42327-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position Silver is in sideways so for short term better buy above 42086.0 with stop at 40850.0 The oscillator is showing SELL signal

Intraday Trend- Buy is advised only above 42101.4 with a stop at 41446.3 Below 41283.9 go for sell and put stop at 41938.4

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